City's basic pension benefits safe for now

8:49 PM,
Feb. 20, 2013

Cincinnati City Hall

Written by

Barry M. Horstman

A special City Council hearing Wednesday into the troubled Cincinnati Retirement System produced few new details about the plan's financial condition, but did provide one reassuring message for retirees: basic pension benefits are safe for the foreseeable future.

During an hour-long meeting at City Hall, Paula Tilsley, the retirement system's executive director, faced tough questioning from several council members about why the city for years has failed to put as much money into the $2 billion pension plan as financial advisers have recommended.